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Shyam Metalics and Energy Commissions 1.5 MTPA Ore Beneficiation Plant in Odisha, India

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Shyam Metalics and Energy (NSE:SHYAMMETL, BOM:543299) has commissioned a 1.5 million tonnes per annum (MTPA) ore beneficiation plant at Sambalpur in Odisha, India.

The company said the 1.5-billion-rupee facility is operational and is processing low-grade ore into high-grade feedstock for its downstream operations, according to a Wednesday filing on Indian bourses. The plant is expected to improve raw material utilization and support profitability by upgrading lower-grade ore.

Shares of the company rose nearly 1% in recent trade.

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